Fed’s Miran sees China trade tensions as a further reason for quick interest rate cuts

Fed's Miran: AI Investment Could Lead To Higher Neutral Interest Rate FED'S MIRAN SAYS RECENT POLICY CHANGES, INCLUDING IMMIGRATION, HAVE PRODUCED FAST CHANGES IN THE NEUTRAL RATE || SAYS CURRENT FED POLICY IS MORE RESTRICTIVE THAN PEOPLE THINK BECAUSE THE NEUTRAL RATE HAS FALLEN FED'S MIRAN SAYS DON'T THINK MOVING BY MORE THAN 50 BPS CUTS IS NECESSARY MIRAN: NO EVIDENCE IN THE DATA THAT TARIFFS ARE RAISING INFLATION; ARGUMENTS OTHERWISE ARE BASED ON PRIOR TRENDS KEY CATEGORIES OF IMPORTED GOODS ARE NOT SEEING PRICE INCREASES THAT DIFFERENT FROM OTHER GOODS

Newly installed Fed Governor Stephen Miran took his seat just in time for the central bank’s first interest rate cut since President Trump’s second inauguration. At least one more cut is expected before the end of the year, but evidence of dissent among members and the government shutdown make the web of issues the Fed is wrestling with even more complex. ...

FED'S MIRAN: THERE IS NOW MORE DOWNSIDE RISK THAN A WEEK AGO FED GOV MIRAN Q&A/CNBC: 'MORE IMPORTANT NOW THAN A WEEK AGO 'THAT WE MOVE (MONPOL) TO A MORE NEUTRAL STANCE' #Miran #FederalReserve #economy Fed's Miran: The Fed has to think about the introduction of a new tail risk. MIRAN SAYS THE DIFFERENCE IN MY VIEW AND THE REST OF THE FOMC IS ON THE SPEED OF THE TRIP TO NEUTRAL MIRAN: TWO MORE CUTS THIS YEAR SOUNDS REALISTIC